Tag: Forex

Forex reserves reach highest position since October 2022: Dar

ISLAMABAD, Jul 21 (APP):Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said here on Friday that the foreign exchange reserves held by State Bank of Pakistan (SBP) were at highest position now since October 2022. In a tweet, the federal minister said the total liquid foreign reserves stood at $14.6 billion. “Total liquid… Continue reading Forex reserves reach highest position since October 2022: Dar

Government not considering access to commercial banks’ forex: Dar

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ISLAMABAD, Jan 11 (APP):Minister for Finance and Revenue, Ishaq Dar Wednesday said that the government was not considering an access to foreign exchange reserves held with the commercial banks which he said were the property of the citizens. “I have already said that Pakistan’s reserves are $10 billion. The figures I quoted were based on… Continue reading Government not considering access to commercial banks’ forex: Dar

Kerb currency market

KARACHI, Jan 10 (APP):Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Monday. F.C. LOW RATE HIGH RATEU.S $ (Inter Bank) 176.65 176.75U.S $ (Cash Free Market) 178.50 179.00 SAUDIA RIYAL 47.00 47.50UAE DIRHAM 49.00 50.00EURO 199.50 201.50 UK POUND 239.00 241.50JAPANI YEN… Continue reading Kerb currency market

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IMF allocations to take forex reserves to historic high level: SBP Governor

ISLAMABAD, Aug 13 (APP):Governor State Bank of Pakistan (SBP), Reza Baqir said Friday that the foreign exchange reserves of the central bank would reach to the historic high level once the country receives $2.77 billion on August 23 from International Monetary Fund’s (IMF) general allocations of $ 650 billion that had been approved to boost… Continue reading IMF allocations to take forex reserves to historic high level: SBP Governor

Rupee gains 04 paisas against US dollar

ISLAMABAD, Feb 10 (APP): The exchange rate of Pakistani rupee strengthened by 04 paisas against the US dollar in the interbank trading on Wednesday and closed at Rs159.30 as compared to the previous day’s closing of Rs159.34. Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market… Continue reading Rupee gains 04 paisas against US dollar

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